FII bought 2.9 K contract of Index Future worth 130 cores, Net OI has decreased by 1.3 K contract, 802 Long contract were added by FII and 2.1 K short were covered by FII. Net FII Long Short ratio at 1, So FII used fall to enter longs and exit shorts.
As discussed in last analysis We have mercury Ingress today so today high and low are very important.Bulls need to break 12389 for a move back to 12444/12500. Bears will get active below 12310 for 12277/12222. High made was 11385 and low made was 12321 so we traded within the range suggesting big move round the corner.Bulls need to break 12389 for a move back to 12444/12500. Bears will get active below 12310 for 12277/12222.
Total Future & Option trading volume at 8.37 Lakh core with total contract traded at 0.80 lakh , PCR @0.87
Nifty Jan Future Open Interest Volume is at 1.36 Lakh core with addition of 2.1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @12302 closed above it.
12400 CE is having Highest OI at 19.3 Lakh, resistance at 12400 followed by 12500 .12000-12400 CE added 14 Lakh in OI so bears added position in range of 12400-12500.FII bought 12.5 K CE and 17.9 K CE were shorted by them. Retailers bought 123 K CE and 96 K CE were shorted by them
12300 PE OI@19.7 Lakhs having the highest OI strong support at 12300 followed by 12200 . 12000-12400 PE added 20 Lakh in OI so bulls added position in range 12100-12200.FII bought 21.4 K PE and 7.2 K PE were shorted by them. Retailers bought 59.7 K PE and 84 K PE were shorted by them.
FII’s bought 264 cores and DII’s sold 500 cores in cash segment.INR closed at 71.14